Investment firm Beach Point Capital announces new positions for its top management team

In a significant move, Beach Point Capital Management has announced the appointment of two industry veterans, Josh Baumgarten and Eric Storch, to key roles within the firm. Both Baumgarten and Storch will be based in the New York office of Beach Point Capital Management.

Josh Baumgarten, who joins as President and Chief Investment Officer, comes to Beach Point Capital Management from TPG Angelo Gordon, where he served as co-managing partner and head of credit. Prior to TPG's acquisition of Angelo Gordon, Baumgarten was co-chief executive and co-chief investment officer, leading its global credit business. Before that, he served as managing director and co-head of institutional marketing at Blackstone/GSO's Customized Credit Strategies Group. Baumgarten expressed being drawn to Beach Point Capital Management due to its partnership-oriented approach, broad mix of market-leading investment vehicles, and collaborative culture. He will join Beach Point's executive committee and work on corporate and investment strategy across various investment verticals.

In his new role, Baumgarten will be responsible for driving the firm's investment strategy and overseeing its portfolio. He brings a wealth of experience to the table, having been a credit veteran with experience at TPG and Blackstone. In addition, he played a significant role in the launch of Blackstone's global co-investment platform.

Eric Storch, who has been appointed as global head of client partnerships and business development, joins Beach Point Capital Management from Oak Hill Advisors, where he was a managing director and helped lead the firm's business development, client coverage, and marketing activities. In his new role, Storch will lead investor relations, capital formation, and product development efforts at Beach Point Capital Management. He will also play a crucial role in strengthening the firm's relationships with existing and potential clients.

The co-founders of Beach Point Capital Management, Scott Klein and Carl Goldsmith, will remain focused on the firm's strategic direction and client partnerships. They will continue in their roles as co-chief executives and will oversee the senior leadership team. The appointments of Baumgarten and Storch are effective immediately.

The appointments of Baumgarten and Storch at Beach Point Capital Management were met with excitement, as they bring valuable senior-level experience and perspectives to the firm. Their appointments underscore Beach Point Capital Management's commitment to building a strong leadership team and positioning itself for future growth. Both Baumgarten and Storch will join the executive committee.

In conclusion, the appointments of Josh Baumgarten as President and Chief Investment Officer and Eric Storch as global head of client partnerships and business development mark a significant milestone for Beach Point Capital Management. These appointments are expected to strengthen the firm's leadership and further its growth trajectory.

Investment firm Beach Point Capital announces new positions for its top management team